Petco Health and Wellness (NASDAQ:WOOF) Stock Price Up 4.7% – Still a Buy?

Shares of Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) traded up 4.7% on Monday. The stock traded as high as $2.33 and last traded at $2.3350. Approximately 1,187,055 shares were traded during trading, a decline of 46% from the average daily volume of 2,209,452 shares. The stock had previously closed at $2.23.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen raised Petco Health and Wellness from a “hold” rating to a “buy” rating in a report on Sunday, September 13th. UBS Group cut their price target on shares of Petco Health and Wellness from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Thursday, September 3rd. Robert W. Baird raised their price objective on shares of Petco Health and Wellness from $3.00 to $3.25 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. BNP Paribas Exane reduced their price objective on shares of Petco Health and Wellness from $2.34 to $2.11 and set an “underperform” rating for the company in a research report on Thursday, September 3rd. Finally, Zacks Research raised shares of Petco Health and Wellness from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Petco Health and Wellness presently has an average rating of “Hold” and a consensus target price of $3.42.

Petco Health and Wellness Trading Up 4.7%

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.39 and a current ratio of 0.90. The firm has a market capitalization of $757.03 million, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 2.02 and a beta of 1.59. The firm has a 50 day moving average price of $2.55 and a two-hundred day moving average price of $2.67.

Petco Health and Wellness (NASDAQ:WOOF) last issued its earnings results on Wednesday, September 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The business had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Petco Health and Wellness had a return on equity of 3.44% and a net margin of 0.51%. During the same period in the previous year, the firm posted $0.05 EPS. On average, equities research analysts expect that Petco Health and Wellness Company, Inc. will post 0.10 EPS for the current fiscal year.

Hedge Funds Weigh In On Petco Health and Wellness

Hedge funds and other institutional investors have recently modified their holdings of the stock. HB Wealth Management LLC purchased a new position in Petco Health and Wellness in the 1st quarter worth about $34,000. International Assets Investment Management LLC raised its holdings in Petco Health and Wellness by 63.9% during the 1st quarter. International Assets Investment Management LLC now owns 12,825 shares of the company’s stock worth $35,000 after buying an additional 5,000 shares during the period. R Squared Ltd purchased a new stake in Petco Health and Wellness during the first quarter valued at about $36,000. Amundi purchased a new stake in Petco Health and Wellness during the first quarter valued at about $54,000. Finally, Rockefeller Capital Management L.P. lifted its stake in Petco Health and Wellness by 14.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 23,500 shares of the company’s stock valued at $66,000 after buying an additional 2,988 shares in the last quarter.

Petco Health and Wellness Company Profile

Petco Health and Wellness Company, Inc is a pet health and wellness retailer that provides products, services and advice for companion animals. The company sells pet food, treats, supplies, toys, habitats and other merchandise for dogs, cats, fish, birds, reptiles and small animals through its retail stores and e-commerce platforms.

In addition to merchandise, Petco offers a range of services designed to support pet care, including veterinary care, grooming, training, vaccinations, nutrition guidance and adoption services.